Global Ferronickel Holdings, Inc. (PSE:FNI)

PSE:FNI Income Statement

Financials in millions PHP. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	8,231	7,611	8,448	6,485	7,423	6,998
Revenue Growth (YoY)	2.45%	-9.91%	30.28%	-12.64%	6.06%	9.18%
Cost of Revenue	5,117	4,861	4,144	2,986	3,076	3,075
Gross Profit	3,114	2,749	4,304	3,498	4,347	3,924
Selling, General & Admin	1,917	1,796	1,497	1,520	1,153	1,211
Other Operating Expenses	-	-	17.54	11.23	8.17	8.17
Operating Expenses	1,917	1,796	1,514	1,532	1,161	1,219
Operating Income	1,197	953.1	2,790	1,967	3,186	2,705
Interest Expense	-196.67	-207.12	-253.89	-145.47	-50.07	-42.18
Interest & Investment Income	16.42	18.27	31.1	9.6	2.4	3.7
Earnings From Equity Investments	317.09	296.57	158.92	219.48	-93.54	35.75
Currency Exchange Gain (Loss)	-	-	-111.07	-75.2	39.58	-43.98
Other Non Operating Income (Expenses)	-39.22	-31.89	12.48	2.14	-591.33	-4.93
EBT Excluding Unusual Items	1,294	1,029	2,627	1,977	2,493	2,653
Gain (Loss) on Sale of Assets	-	-	0	0.43	-	-0.15
Legal Settlements	-	-	-	680	-	-
Other Unusual Items	-	-	-	35.02	202.6	-
Pretax Income	1,294	1,029	2,627	2,693	2,696	2,653
Income Tax Expense	393.32	295.15	814.23	537.72	588.82	787.66
Earnings From Continuing Operations	901.03	733.78	1,813	2,155	2,107	1,865
Minority Interest in Earnings	9.57	10.11	-269	-233.75	-0.41	2.17
Net Income	910.6	743.9	1,544	1,921	2,106	1,868
Net Income to Common	910.6	743.9	1,544	1,921	2,106	1,868
Net Income Growth	-35.00%	-51.82%	-19.63%	-8.79%	12.79%	42.81%
Shares Outstanding (Basic)	4,975	4,959	5,109	5,200	5,230	5,466
Shares Outstanding (Diluted)	4,975	4,959	5,109	5,200	5,230	5,466
Shares Change (YoY)	-2.00%	-2.93%	-1.75%	-0.58%	-4.32%	-0.84%
EPS (Basic)	0.18	0.15	0.30	0.37	0.40	0.34
EPS (Diluted)	0.18	0.15	0.30	0.37	0.40	0.34
EPS Growth	-33.13%	-50.00%	-18.81%	-8.25%	17.88%	44.01%
Free Cash Flow	-	-	3,021	1,071	2,051	1,952
Free Cash Flow Per Share	-	-	0.59	0.21	0.39	0.36
Dividend Per Share	-	-	-	0.100	0.200	0.100
Dividend Growth	-	-	-	-50.00%	100.00%	-
Gross Margin	37.83%	36.13%	50.94%	53.95%	58.56%	56.06%
Operating Margin	14.54%	12.52%	33.02%	30.33%	42.92%	38.65%
Profit Margin	11.06%	9.77%	18.28%	29.63%	28.38%	26.68%
Free Cash Flow Margin	-	-	35.76%	16.52%	27.63%	27.90%
EBITDA	1,735	1,485	3,420	2,392	3,556	3,054
EBITDA Margin	21.08%	19.51%	40.49%	36.88%	47.90%	43.63%
D&A For EBITDA	538.16	532.01	630.63	424.79	369.62	348.89
EBIT	1,197	953.1	2,790	1,967	3,186	2,705
EBIT Margin	14.54%	12.52%	33.02%	30.33%	42.92%	38.65%
Effective Tax Rate	30.39%	28.68%	30.99%	19.97%	21.84%	29.69%

Updated Mar 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.